A10 Networks, Inc. (NYSE:ATEN) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lessened its holdings in shares of A10 Networks, Inc. (NYSE:ATEN) by 14.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,316 shares of the communications equipment provider’s stock after selling 8,858 shares during the period. Texas Permanent School Fund Corp owned approximately 0.07% of A10 Networks worth $725,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ATEN. Vanguard Group Inc. grew its holdings in A10 Networks by 0.5% in the first quarter. Vanguard Group Inc. now owns 7,103,358 shares of the communications equipment provider’s stock valued at $97,245,000 after purchasing an additional 35,010 shares during the last quarter. First Trust Advisors LP grew its holdings in A10 Networks by 83.9% in the fourth quarter. First Trust Advisors LP now owns 4,470,999 shares of the communications equipment provider’s stock valued at $58,883,000 after purchasing an additional 2,040,007 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in A10 Networks by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,751,119 shares of the communications equipment provider’s stock valued at $23,063,000 after purchasing an additional 81,908 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in A10 Networks by 2.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,242,792 shares of the communications equipment provider’s stock valued at $17,015,000 after purchasing an additional 34,115 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of A10 Networks by 48.2% in the second quarter. Assenagon Asset Management S.A. now owns 946,894 shares of the communications equipment provider’s stock valued at $13,114,000 after acquiring an additional 308,000 shares in the last quarter. Institutional investors and hedge funds own 98.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ATEN shares. BWS Financial restated a “buy” rating and issued a $17.00 price objective on shares of A10 Networks in a research report on Tuesday, July 9th. StockNews.com downgraded A10 Networks from a “buy” rating to a “hold” rating in a research report on Monday, July 1st.

A10 Networks Stock Up 0.3 %

Shares of NYSE:ATEN opened at $14.02 on Friday. A10 Networks, Inc. has a 52-week low of $10.03 and a 52-week high of $16.46. The stock’s fifty day simple moving average is $13.41 and its 200-day simple moving average is $13.86. The company has a market capitalization of $1.04 billion, a P/E ratio of 22.98 and a beta of 1.11.

A10 Networks (NYSE:ATEN) last released its earnings results on Tuesday, July 30th. The communications equipment provider reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. A10 Networks had a return on equity of 21.29% and a net margin of 17.51%. The firm had revenue of $60.10 million for the quarter, compared to the consensus estimate of $64.30 million. During the same period in the prior year, the business posted $0.14 earnings per share. The firm’s revenue for the quarter was down 8.7% compared to the same quarter last year. On average, sell-side analysts anticipate that A10 Networks, Inc. will post 0.65 earnings per share for the current year.

A10 Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were given a dividend of $0.06 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.24 annualized dividend and a yield of 1.71%. A10 Networks’s dividend payout ratio (DPR) is presently 39.34%.

A10 Networks Company Profile

A10 Networks, Inc provides networking solutions in the Americas, Japan, rest of Asia Pacific, Europe, the Middle East, and Africa. The company offers Thunder Application Delivery Controller that provides advanced server load balancing; Thunder Carrier Grade Networking, which provides standards-compliant address and protocol translation services between varying types of internet protocol addresses; Thunder Secure Sockets Layer (SSL) Insight that decrypts SSL-encrypted traffic and forwards it to a third-party security device for deep packet inspection; and Thunder Convergent Firewall, which addresses multiple critical security capabilities in one package.